But I understand not everyone will be able to do that and will need to find a GC to build it out for them and pay them their general conditions, contingencies, and markups.

Where most wanna be investors lacking capital make their mistake is that they don’t understand that if you lack capital you need extensive knowledge; and that knowledge is NOT obtained from a guru mentorship focused on some specific (often fantasy) technique.  

@Victor SolomonYou may want to focus and prioritize other concerns than just the loan (though understandably without the loan, the whole deal may fall through). 

Please help a dummy like me understand why you think this would be a good time to be a minority investor in large multi family?

Mistakes that I have seen made generally always come from a lack of due diligence and understanding.

Help me understand more of the situation.

It's fantastic that you're eager to get started in Dallas.

I'm looking for a lender to work with to better understand my purchasing power.

I understand that they are looking at income and assets… my question was specifically about how mortgage companies view depreciation on existing properties…

They are motivated and interested in things that are modern and out of my realm of understanding.Thanks for redirecting me back to that understanding.